CSIMarket

Public Storage  (PSA)
Other Ticker:  
 
 
Price: $314.1900 $6.02 1.953%
Day's High: $314.84 Week Perf: 5.24 %
Day's Low: $ 307.53 30 Day Perf: -3.62 %
Volume (M): 878 52 Wk High: $ 421.76
Volume (M$): $ 275,890 52 Wk Avg: $339.00
Open: $310.30 52 Wk Low: $292.32



 Market Capitalization (Millions $) 55,403
 Shares Outstanding (Millions) 176
 Employees 5,900
 Revenues (TTM) (Millions $) 3,622
 Net Income (TTM) (Millions $) 2,042
 Cash Flow (TTM) (Millions $) 1,565
 Capital Exp. (TTM) (Millions $) 4,956

Public Storage
Public Storage, Inc. (the "Company") is an equity real estate investment trust ("REIT") organized as a corporation under the laws of California on July 10, 1980. We are a fully integrated, self-administered and self-managed real estate investment trust ("REIT") that acquires, develops, owns  and operates self-storage facilities. We are the largest owner and operator of storage space in the United States.

We believe that the Company possesses several primary business attributes that permit us to compete effectively:

COMPREHENSIVE DISTRIBUTION SYSTEM AND NATIONAL TELEPHONE RESERVATION SYSTEM:  Our facilities are part of a comprehensive distribution system encompassing  standardized procedures, integrated reporting and information networks and centralized  marketing. During 2003 and 2004, we implemented an upgraded information system  platform, which has enabled us to more quickly adapt our pricing and marketing efforts to market conditions. This distribution system, among other benefits,  is designed to maximize revenue and occupancy
levels through automated pricing.

A significant component of our distribution system is our national telephone  reservation center, which provides added customer service and helps to maximize  utilization of available self-storage space. Customers calling either the toll-free  telephone referral system, (800) 44-STORE, or a storage facility, are directed to the national reservation system. A representative discusses with the customer space requirements, price and location preferences and also informs the customer of other products and services provided by the Company and its subsidiaries.  We believe that the national telephone reservation system enhances our ability to market storage space.


RETAIL OPERATIONS: The Company has historically sold retail items associated  with the storage business and rented trucks at its storage facilities. In order to supplement and strengthen the existing self-storage business by further meeting  the needs of storage customers, the Company continues to expand its retail activities.

In addition, full-service retail stores have been retrofitted to some existing  storage facility rental offices or "built-in" as part of the development of new storage facilities, both in high traffic, high visibility locations.  The strategic objective of these retail stores is to provide a retail environment to (I) rent spaces for the attached storage facility, (II) rent spaces for the other Public Storage facilities in adjacent neighborhoods, (III) sell locks,  boxes and packing materials and (IV) rent trucks and other moving equipment.

TENANT INSURANCE PROGRAM: On December 31, 2001, we purchased all of the capital stock of PS Insurance Company, Ltd., from Mr. Hughes and members of his family. This insurance company reinsures policies issued to our tenants against lost or damaged goods stored by tenants in our storage facilities. This subsidiary  receives the premiums and bears the risks associated with the re-insurance. We believe that this insurance operation will continue to further supplement  and strengthen the existing self-storage business and provide an additional source of earnings for the Company.


COMPETITION

Competition in the market areas in which we operate is significant and affects the occupancy levels, rental rates and operating expenses of certain of our  facilities. Development of new storage facilities has intensified the competition among storage operators in many market areas in which we operate.

In seeking investments, we compete with a wide variety of institutions and other investors. The increase in the amount of funds available for real estate investments has increased competition for ownership interests in facilities and may reduce yields on acquisitions.

We believe that the significant operating and financial experience of our executive  officers and directors, combined with the Company's capital structure, national investment scope, geographic diversity, economies of scale and the "Public  Storage" name, should enable us to compete effectively with other entities.



   Company Address: 701 Western Avenue Glendale 91201 CA
   Company Phone Number: 244-8080   Stock Exchange / Ticker: NYSE PSA
   PSA is expected to report next financial results on August 02, 2022.


Customers Net Income fell by PSA's Customers Net Profit Margin fell to

-2.76 %

4.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

Year to Date Decrease / Increase
     
PLD   -25.66%    
COST   -14.53%    
• View Complete Report
   



Casey s General Stores Inc.

EPS Drops by Casey S General Stores Inc in the financial span ending Apr 30 2022 announcement

Casey S General Stores Inc announced earnings per share of $1.60 and Sales of $3.05 billions in the financial span ending Apr 30 2022, Company's earnings per share plummeted by -49.54 % per share, versus $3.18 eps, earned in the same quarter a year ago, although Casey S General Stores Inc saw its Sales rise by 47.44% in the same period.

John Wiley and Sons Inc.

Modest Earnings Increase by John Wiley And Sons Inc in the fiscal time-frame ending Apr 30 2022 statement

John Wiley And Sons Inc reported moderate Sales growth of 1.75% to $545.65 millions in the fiscal time-frame ending Apr 30 2022, earnings grew modestly by 4.65 % to $0.76 year on year.

Nicholas Financial Inc.

Nicholas Financial Inc announced a unassuming -6.87 %, deterioration in Sales in the financial period ending Mar 31 2022

Sales decrease by -6.87% to $12.37 millions for the financial period ending Mar 31 2022, caused earnings to tumble by -81.12 % to $0.05 compared to $0.26 achieved in the same quarter one year ago.

Steelcase Inc

Steelcase Inc declared epic results in the first quarter of 2022

Company lost money at $-0.10 per share in the first quarter of 2022, although its Sales surged by 33.08% to $740.70 millions from the same quarter a year ago.

Blackberry Limited

Losses Widen, Sales Lower

Lower revenues led to loss in the most recent fiscal period, Sales fell by -3.45% to $168.00 millions and loss per share was at $-0.35 compared to $-0.11 per share realized in quarter a year ago.






 

Public Storage's Segments
 
Southern California facilities
 Segment    18.71 % of total Revenue
Northern California facilities
 Segment    9.24 % of total Revenue
Texas facilities
 Segment    8.12 % of total Revenue
Florida facilities
 Segment    6.69 % of total Revenue
Illinois facilities
 Segment    6.51 % of total Revenue
Georgia facilities
 Segment    3.68 % of total Revenue
All other states facilities
 Segment    47.04 % of total Revenue
 
• View Complete Report

Public Storage's Operating Statistics Decrease / Increase
       
• View Complete Report


       
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